From CNBC · Lee Ying Shan · · 1m 10s
Oil prices fall on Russian diesel supply deal
Brent and WTI crude drop as traders weigh the impact of a Trump administration agreement to allow Russian diesel into global markets for six months.
In brief
Brent and WTI crude drop as traders weigh the impact of a Trump administration agreement to allow Russian diesel into global markets for six months. Oil prices fell Tuesday as investors assessed prospects of increased Russian diesel supplies, though Goldman Sachs said the impact on global fuel prices would be limited…
Crude prices slip on Russian supply deal
Brent crude fell one point four eight percent to one hundred five point zero five dollars a barrel. West Texas Intermediate fell one point five seven percent to ninety two point twenty seven dollars.
Trump eases Russian diesel restrictions
President Donald Trump defended his administration's decision to temporarily ease restrictions on Russian diesel supplies. The agreement would allow Russia to supply diesel to U.S. and global markets for six months.
Goldman Sachs: impact will be limited
Goldman Sachs estimated an increase of eight hundred thousand metric tons would lower wholesale diesel prices by just one to two dollars a barrel.
Houthi attack escalates Saudi tensions
Iran-backed Houthi militants attacked King Khalid International Airport in Riyadh on Saturday, killing twelve people and injuring more than three hundred. The attack limited oil price losses amid broader market concerns.
The one thing
Oil prices fell Tuesday as investors assessed prospects of increased Russian diesel supplies, though Goldman Sachs said the impact on global fuel prices would be limited.
